Home / Knowledge / News / Textiles / Gujarat announces Rs 110 bonus on cotton MSP
Gujarat announces Rs 110 bonus on cotton MSP
17
Dec '15
The Gujarat government has announced a bonus of Rs 110 per 20 kg of cotton. Cotton farmers will now get and additional Rs 110 per 20 kg on the Minimum Support Price (MSP) of Rs 810 per 20 kg when the crop is sold to government procurement agency, Cotton Corporation of India (CCI).

The bonus scheme will be applicable from December 18 on cotton procured by CCI. According to trade sources, CCI has so far procured about 5,000 bales of cotton from Gujarat. With the additional financial support by the state government, farmers will get Rs 920 per 20 kg. But raw cotton prices are already ruling at Rs 925-930 per 20 kg.

The Congress termed the move as politically-coloured given the setback suffered by the ruling BJP in recently held polls to local bodies. The opposition party the bonus as "marginal" and demanded a minimum MSP of Rs 1,500.

The Congress party said farmers would not benefit from the new announcement, and moreover, most farmers have already sold their cotton in the open market.

The Bharatiya Kisan Sangh welcomed the decision but termed it as "late".

BKS leader Magan Patel had the decision been taken earlier, then those farmers who have already sold their produce in the market would also have benefited. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search